# Oracle, Meta, Snap, and Block are cutting thousands of jobs as they redirect resources toward artificial intelligence and large-scale automation.

*business · news · 2026-04-25 · News18*

## Key points

- Oracle laid off approximately 30,000 employees worldwide, including about 12,000 in India, on March 31.
- Block reduced its workforce by nearly half, from over 10,000 to just under 6,000 employees in February.
- Meta plans to cut about 10% of its workforce, prioritizing AI investments over other projects.
- Layoffs across Oracle, Meta, Snap, and Block total an estimated 30,000 to 40,000 positions this year.
- These job cuts are driven by strategic shifts to AI investment, not by financial struggles or economic downturns.

**Companies:** Oracle, Meta, Snap, Block
**Countries:** India, United States

[Read the full story on News18](https://www.news18.com/world/from-oracle-to-meta-tech-giants-cut-over-40k-jobs-in-2026-heres-why-ws-el-10057313.html)

---

Canonical: https://newsio.io/n/a329fe6f-e9fd-4817-b856-5d909083b571/oracle-meta-snap-and-block-are-cutting-thousands-of-jobs-as-they-redirect-resour
Summarized by Newsio from News18. https://newsio.io/how-it-works